Award

UK SBS PS16030 MEO report for Project Vulcan

UK SHARED BUSINESS SERVICES LIMITED

This public procurement record has 2 releases in its history.

Award

21 Mar 2018 at 16:44

Award Notice
Tender

18 Nov 2016 at 20:16

Tender Notice
Summary of the contracting process

The procurement process titled "UK SBS PS16030 MEO report for Project Vulcan" was initiated by UK Shared Business Services Limited, focusing on financial consultancy services in London, UK. The tender aimed to engage an advisor to provide a Market Economy Operator (MEO) report assessing financial arrangements between the Government and recipients. The tender period concluded on 4th March 2016, and the contract commenced on 9th March 2016, lasting until 31st March 2016. The estimated value of the contract was £80,000, and the award was announced on 21st March 2016, with Ernst & Young Limited selected as the supplier for this project.

This tender presents significant opportunities for businesses specialising in financial consultancy, particularly those with expertise in evaluating financial transactions against market standards. Small and medium-sized enterprises (SMEs) with capabilities in financial analysis, transaction processing, and accounting software are well-suited to compete for similar contracts, as they can provide tailored insights based on market conditions. Engaging with such procurements can help these businesses expand their client portfolios and enhance their visibility within the public sector.

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Notice Information

Notice Title

UK SBS PS16030 MEO report for Project Vulcan

Notice Description

The Department for Business, Innovation and Skills wishes to procure an adviser with appropriate skills, experience and resources to provide an MEO report establishing whether the proposed financing terms are commercial, within a relatively short timeframe. The output will take the form of a report that HMG can rely on to establish that the financing has been provided on commercial terms in line with the MEO principle. The precise timetable for delivery of the outputs will depend on the amount and nature of the information that is available, and will be discussed and agreed with the supplier at the beginning of the engagement. In any event we will expect a final report by the 31st March 2016. The report is to assess the proposed financial arrangement between the Government and the recipient for consistency with the Market Economy Operator Principle (MEO). In order to establish consistency with the MEO test the report will consider: * The extent to which financing could be provided by the private sector on similar terms and comment from the potential private lender perspective (including whether a potential private lender would find these terms acceptable). * The general terms under which the private sector could provide financing in these circumstances and given the position of the recipient in both financial terms (such as rate of interest) as well as non-financial terms and conditions (such as, for example, position in the hierarchy of financial claims, recourse to assets in the instance of insolvency, etc). * How the recipient intends to use the funds provided and whether a third party, such as another creditor, could derive benefits from this financial arrangement over and beyond what would be expected in a commercial transaction on market terms. * Benchmarking the key terms of the proposed financial arrangement (using assumptions which are applicable to all private investors, not just the State) against potential private investors' approach if the latter provided financing in a similar context. An evaluation of the Government's returns under all available options, including the financial position of all creditors in an insolvency situation, the rescheduling of debts, credit forbearance, and the possibility of further investment in order to reduce a debt or further losses (taking into account the viability of the company). Additional information: As part of the strategic alliance between UK Shared Business Services Ltd (UK SBS) and Crown Commercial Service (CCS), UK SBS can use the CCS eSourcing Suite for future procurements. If you have not yet registered on the eSourcing Suite, this can be done online at https://gpsesourcing.cabinetoffice.gov.uk by following the link 'Register for CCS eSourcing'. Please note that, to register, you must have a valid DUNS number (as provided by Dun and Bradstreet) for the organisation which you are registering, who will be entering into a contract if invited to do so. Once you have registered on the eSourcing Suite, a registered user can express an interest for a specific procurement. This is done by emailing Expressionofinterest@crowncommercial.gov.uk. Your email must clearly state: the name and reference for the procurement you wish to register for; the name of the registered Bidder; and the name and contact details for the registered individual sending the email. Crown Commercial Service will process the email and then enable the Bidder to access the procurement online via the e-Sourcing Suite. The registered user will receive a notification email to alert them once this has been done. The Sourcing documents can then be accessed on the eSourcing Suite at: https://gpsesourcing.cabinetoffice.gov.uk using the instructions detailed in the Specification documents within Contracts Finder. As a user of the e-Sourcing Suite you will have access to Emptoris email messaging service which facilitates all messages sent to you and from you in relation to any specific RFX event. Please note it is your responsibility to access these emails on a regular basis to ensure you have sight of all relevant information. For technical assistance on use of the e-Sourcing Suite please contact Crown Commercial Service Helpdesk : Telephone: 0345 010 3503 Training documents to support Bidders utilise Emptoris CCS eSourcing are available in the Contracts Finder Tender documents section.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-5d851da3-adc9-11e6-9901-0019b9f3037b
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/f16e7885-6fa7-4a87-aa2a-8df4c00f633f
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Not applicable
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

48 - Software package and information systems

66 - Financial and insurance services

CPV Codes

48440000 - Financial analysis and accounting software package

66171000 - Financial consultancy services

66172000 - Financial transaction processing and clearing-house services

Notice Value(s)

Tender Value
£80,000 Under £100K
Lots Value
Not specified
Awards Value
£38,550 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
21 Mar 20187 years ago
Submission Deadline
4 Mar 2016Expired
Future Notice Date
Not specified
Award Date
21 Mar 20169 years ago
Contract Period
22 Mar 2016 - 26 Apr 2016 1-6 months
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
UK SHARED BUSINESS SERVICES LIMITED
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
SWINDON
Postcode
SN2 1FF
Post Town
Swindon
Country
England
Major Region (ITL 1)
TLK South West (England)
Basic Region (ITL 2)
TLK7 Gloucestershire and Wiltshire
Small Region (ITL 3)
TLK71 Swindon
Delivery Location
TLI London
Local Authority
Swindon
Electoral Ward
Rodbourne Cheney
Westminster Constituency
Swindon North

Supplier Information

Number of Suppliers
1
Supplier Name

ERNST & YOUNG

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts. 

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